The income statement and additional data of Newton Travel Products, Inc., follow: (Click the icon to view the income statement.) (Click the icon to view the additional data.) Requirements 1. Prepare Newton's statement of cash flows for the year ended December 31,2020 , using the indirect method. 2. Evaluate Newton's cash flows for the year. In your evaluation, mention all three categories of cash flows and give the reason for your evaluation. Requirement 1. Prepare Newton's statement of cash flows for the year ended December 31, 2020, using the indirect method. Start by completing the cash flows from operating activities. Then complete each section of the statement of cash flows, including the non-cash investing and financing activities. (Round your answers to the nearest whole dollar. Use parentheses or a minus sign for numbers to be subtracted and for negative amounts.) Requirement 2. Evaluate Newton's cash flows for the year. In your evaluation, mention all three categories of cash flows and give the reason for your evaluation. Newton's cash flow looks are the main source of cash. The company is investing in new plant assets The financing transactions included ccome statement \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{\begin{tabular}{l} Newton Travel Products, Inc. \\ Income Statement \\ Year Ended December 31, 2020 \end{tabular}} \\ \hline \multicolumn{5}{|l|}{ Revenues: } \\ \hline Service revenue & $ & 390,810 & & \\ \hline Dividend revenue & & 12,014 & $ & 402,824 \\ \hline \multicolumn{5}{|l|}{ Expenses: } \\ \hline Cost of goods sold & & 132,571 & & \\ \hline Salary expense & & 74,571 & & \\ \hline Depreciation expense & & 37,286 & & \\ \hline Advertising expense & & 5,938 & & \\ \hline Interest expense & & 2,900 & & \\ \hline Income tax expense & & 8,286 & & 261,552 \\ \hline Net income & & & $ & 141,272 \\ \hline \end{tabular} Additional data: a. Acquisition of plant assets was $276,190. Of this amount, $220,952 was paid in cash and $55,238 by signing a note payable. b. Proceeds from sale of land totalled $31,762. c. Proceeds from issuance of common share totalled $82,857. d. Payment of long-term note payable was $17,952. e. Payment of dividends was $13,810. f. From the balance sheet